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Infrastructure and Economic Growth

321
Rubric: Economy, Economic Theory
DOI: 10.20542/0131-2227-2011-11-18-24

V. Kondrat’ev, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (v.b.kondr@imemo.ru)

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Abstract

Theoretical research and empirical calculations provide a persuasive evidence of close relationship between infrastructure and economic growth. Infrastructure costs can directly or indirectly affect the GDP by stimulating private-sector investment and contributing to growth of employment, productivity and exports. Currently, the most dynamically developing infrastructure is in China. Russia significantly lags behind in this process.  


Keywords

infrastructure, economic growth, investment, modernization, competitiveness, employment, jobs, productivity, public-private partnership


Registered in System SCIENCE INDEX

For citation:
Kondrat’ev V. Infrastructure and Economic Growth. World Eñonomy and International Relations, 2011, No 11, pp. 18-24. https://doi.org/10.20542/0131-2227-2011-11-18-24

Contents World Eñonomy and International Relations. 2011, No 11

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